Financial Sector (Collection of Data) (reporting standard) determination No. 65 of 2013 - SRS 114.1 - Operational Risk Financial Requirement (Cth)

Financial Sector (Collection of Data) (reporting standard) determination No. 65 of 2013

Reporting Standard SRS 114.1 Operational Risk Financial Requirement

Financial Sector (Collection of Data) Act 2001

I, Steven John Davies, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) DETERMINE Reporting Standard SRS 114.1 Operational Risk Financial Requirement, in the form set out in the Schedule, which applies to financial sector entities to the extent provided in paragraph 3 of the reporting standard.

Under section 15 of the Act, I DECLARE that the reporting standard applies to those financial sector entities on and after 1 July 2013.

This instrument commences on the date of registration on the Federal Register of Legislative Instruments.

Dated: 3 June 2013

[signed]

Steven John Davies General Manager Statistics

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.

financial sector entity has the meaning given by section 5 of the Act.

Schedule

Reporting Standard SRS 114.1 Operational Risk Financial Requirement comprises the 12 pages commencing on the following page.

Reporting Standard SRS 114.1

Operational Risk Financial Requirement

Objective of this Reporting Standard This Reporting Standard sets out the requirements for the provision of information to APRA relating to the operational risk financial requirement (ORFR) of an RSE licensee including any reserves held to meet the ORFR. It includes Form SRF 114.1 Operational Risk Financial Requirement and associated specific instructions and must be read in conjunction with Prudential Standard SPS 114 Operational Risk Financial Requirement.

Authority

1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.